Propylene Glycol Market – Global Industry Forecast & Analysis over 2019 - 2025

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Propylene Glycol Market Global Industry
Forecast Analysis over 2019 - 2025
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• Propylene Glycol Market Scenario

• Propylene glycol is hydroscopic liquid which is
  produced by reacting propylene oxide with water.
  The product is not toxic in nature and is
  chemically neutral making it suitable choice for
  most of the personal and beauty products. Rising
  investment in pharmaceutical sector due to
  various outbreak of chronic diseases across the
  world will escalate the propylene glycol market
  growth rate owing to its application as excipient
  in medicines.
• For industrial applications the product is used
  in unsaturated polyester resin which are used in
  manufacturing components for automobiles,
  kitchenware, bathtubs, marine industry and in
  wind turbine blades. The product is also an
  important ingredient in formulating paints
  coatings, polyurethane foam, heat transfer
  fluids, aircraft de-icing and liquid detergents.
• Increasing geriatric population across the world
  will also escalate spending in pharmaceutical
  sector. It is expected that by 2050 there will be
  2 billion people that will be above 60 years of
  age, in the U.S. alone citizens with age of 65
  years and above are expected to get double by
  2060.

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• The propylene glycol is derived from two sources
  namely petroleum based, and bio based.
  Pharmaceutical grade glycerin is used in
  manufacturing bio-based propylene glycol. The
  U.S. FDA has provided GRAS (generally recognized
  as safe) status to this making it preferred
  choice for applications in food beverage
  industry. The other source to produce propylene
  glycol is through petroleum-based feedstock.
• Propylene glycol market has applications in
  unsaturated polymer resins, antifreeze and
  functional fluids, plasticizers, excipients,
  cosmetics, plasticizers and others. It is used in
  beverages for flavor dissolving, keeping the
  animal feed moist and as an emulsifiers water and
  oily elements in sprays, cream and other liquids.
  It is primarily used as excipients in various
  medicines

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• Regional Analysis

• North America and Europe are expected to hold
  decent share in the propylene glycol market. The
  growth rate is although sluggish in these regions
  due to less investment in construction sector.
  Many European countries such as France, Italy,
  etc. are leading manufacturers of cosmetics and
  personal care products, these countries are also
  home of some of the leading brands, which makes
  it suitable destination for propylene market.
  Developing economies in Asia Pacific region will
  show a robust growth rate in near future
  supported by increasing urbanization.

• Competitive Analysis

• The prominent players in propylene glycol market
  are Lyondellbasell, BASF, Dow Chemical Company,
  Royal Dutch Shell, Archer Daniels Midland, Temix
  International, Hunstman Corporation, Helm AG,
  Oleon, Qingdao Shida Chemical Co., Haike
  Chemical, etc.

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